24/m living in Los Angeles. I will be married soon and I currently have two jobs. I have a bachelor degree and am finishing up a master's (I just have my thesis left and will work on it remotely since my school is in Massachusetts).
I was making $1800/month from my internship job but I just recently got hired by a consulting firm which will pay me $4000/month. Due to the new full time job, I will be working only part time at the internship. I also do Chegg Tutoring in my free time and I am in the process of being approved for Uber. I work in Beverly Hills so the commute home for the ~21 miles is 1.5 hours. I thought it would be a great idea to do Uber in Beverly Hills and make extra cash instead of sitting in 405 traffic (if I drive home after 7pm I will get home in 30 minutes instead).
So here is how my monthly breakdown is looking like:
Internship: 800-900/month
Work: 4,000/month
Chegg: 500-600/month
Uber: 500/month
Total: 5800-6000/month
My boss told me my pay is temporary for the next three months for the probationary period, but he will give me a raise based off of the salary we negotiated yesterday. I also work 8-10 hours on average and he pays me hourly so I am going to use overtime pay benefit to its fullest. If I'm currently bringing 5500-6000 a month, I'm expecting with his raise to be at 7,000/month after March.
That puts me at $84,000 a year.
My monthly expenses: $300 student loan payment, $220 car payment. That's it.
Debt:
Credit Card: $0
Federal Student Loans at 6%: $30k
My parents pay for my phone and car insurance, I live with my elderly grandparents to take care of them so rent/utilities are free, and I'm under my dad's health insurance plan until I'm 26.
My fiancée and I will be moving in and living with my grandparents because their house is too big, they asked us, and in my culture (Armenian) it's pretty normal to live with family until late 20s-early 30s to save money. My fiancée will probably work part time and that's just so she has money for herself and doesn't have to depend off of me.
TL;DR: so that is my story. 84k/yr. So that's a 252k salary for the next three years. Does my idea sound crazy? To even save only 100k? I literally only spend money for my student loan/insurance expenses (~500/month) and the rest I dump into stocks or sits in savings account. I currently have $9k saved since I started working last summer and have about $1600 in gold. I live a very frugal life: I eat out 2-3 times a month, and almost every day I eat at home when my mother or grandma makes food. For 2017 I spent a total of $960 on food/groceries, $45 on clothes, $700 on gas. I am just focused on my future and saving money
Submitted December 31, 2017 at 09:52AM by Vartanaut http://ift.tt/2luobaC
